Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$417,004$418,410
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,842.82$2,896.99
2nd payment$0.00$0.00
Taxes / mo$365.42$365.42
Insurance / mo$166.67$166.67
MI / mo$196.84$83.68
HOA / mo$85.00$85.00
Total monthly$3,656.74$3,597.75
Cash to close$47,896$46,490